WIT · Wipro Limited

Wipro Limited's Form 6-K discloses the dispatch of postal ballot materials on April 21, 2026, to equity shareholders for approval of three special resolutions via remote e-voting from April 22 to May 21, 2026, with results due by May 25, 2026. The centerpiece is a proposed buyback of up to 60 crore fully paid-up equity shares of ₹2 face value at ₹250 per share, aggregating ₹15,000 crore, representing 5.72% of total paid-up equity capital, 24.99% of standalone net worth, and 19.99% of consolidated net worth as of March 31, 2026 audited financials. The tender offer will be proportionate to all eligible shareholders on a to-be-determined record date, including promoters and ADS holders who convert via JPMorgan Chase Bank, N.A. by withdrawing underlying shares into Indian demat accounts at least three New York business days prior. The buyback size excludes transaction costs and allows Board flexibility to adjust price/number while maintaining size. Accompanying resolutions re-appoint Ms. Tulsi Naidu for a second 5-year independent director term from July 1, 2026, and confirm Ms. Laura Marie Miller's appointment from April 1, 2026, both not subject to rotation. Materials including ADS proxy cards, tax notices, and information availability notices were made available to ADR holders, with newspaper ads confirming dispatch. Approval would enable significant capital return, potentially at a premium to recent trading levels, enhancing shareholder value through reduced share count.